XRP Exchange Flows Suggest an Ongoing Battle for Dominance Between Bulls and Bears
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On-chain crypto data show heavy XRP exchange flows on Binance (a CEX) as total whale inflows rose to 1.33 billion XRP over the past 30 days while about 465 million XRP moved in large daily outflows between June 3 and June 11. The surge in liquidity and opposing flows, with XRP trading near $1.17 ($1.13 at the time of reporting), signals increased market volatility and an ongoing battle between bulls and bears that clouds near-term price direction.
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- Exchange flows on Binance suggest XRP whales may be struggling for control.
- Total whale inflows on Binance rose to 1.33 billion XRP over the last 30 days.
- Binance recorded around 465 million XRP in large daily outflows from June 3 to June 11.
On-chain data reflect the movement of large volumes of XRP tokens on the Binance cryptocurrency exchange. The transfers, which involve notable inflows and outflows, suggest a shift in investor behavior, with higher levels of liquidity and market activity.
XRP Inflows Surge in 30 Days
As identified by a CryptoQuant analyst, a significant increase in XRP inflows on Binance coincides with the cryptocurrency trading near $1.17, even though it traded at $1.13 at the time of writing, according to TradingView’s data.
The observed inflow adds to the growing trend over the last 30 days, which saw XRP total whale inflows on Bina…
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